Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Man Utd seal deal with Aon

08 April 2013, 13:42

London - Manchester United has sold the naming rights to its training ground as part of a sponsorship deal with insurance firm Aon estimated to be worth $230 million, a further sign of the Premier League leader's off-field money-making abilities.

The eight-year agreement with Aon starts in July and includes having the company's logos emblazoned on the training kit at United, which is on course to win a record-extending 20th English title in the coming weeks.

Aon's name currently appears on United's main match kit in a $130 million, four-year deal, but General Motors Co.'s Chevrolet division takes over that sponsorship in a $559 million, seven-year deal from the 2014-15 season.

Financial details of the new Aon deal were not publicly disclosed, but it is estimated to be worth $230 million over eight years and will also see the company provide United with business expertise.

United bought out its previous training kit sponsorship deal with express delivery and freight firm DHL early in a bid to secure more cash, with that agreement having been worth around $65 million over four years.

Although United is now also selling the naming rights to its vast training center at Carrington in south Manchester, the club has no plans to sell the rights to its main stadium.

"Old Trafford will not be sold," United's executive vice chairperson, Ed Woodward, said on Sunday.

Since being bought by the American Glazer family in 2005, United has been rapidly raising cash through global sponsorship agreements.

United, which is listed on the New York Stock Exchange, recently forecast record revenue this season of at least 350 million pounds ($537 million).

The financial strength has been matched on the field this season, with United close to regaining the Premier League trophy from Manchester City, holding a 15-point lead over its neighbor heading into Monday's final derby of the season.

Due to the imminent expectation of silverware after finishing last season empty handed, protests against the Glazers family have been non-existent this year.

Forbes said in January that United's enterprise value, which subtracts debt from equity value, has risen to $3.3 billion, the highest for any sports team in the world.

- AP


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...